Emperor Group annual net profit jumps 25.4pcBusiness | Samantha Wong 8 Dec 2017
Emperor Capital Group (0717) said its annual net profit climbed 25.4 percent to HK$659 million, compared to the same period a year ago.
Earnings per share were 9.96 HK cents, up from 8.95 HK cents. A final dividend of 2.9 HK cents was declared.
Revenues totaled HK$1.24 billion, up from HK$986 million. Revenue from the financing segment grew by 8.3 percent to HK$837.5 million, accounting for 67.5 percent (2016: 78.4 percent of the group's total revenues.
The group said its financing segment derives interest income from commercial and personal lending, as well as margin and initial public offering financing.
The loans granted to customers range from short-term unsecured loans, such as tax loans, bridging loans, term loans, and personal loans , to long-term secured loans like home mortgages.
Brokerage services recorded growth of 21.8 percent, to HK$133, with this segment accounting for 10.7 percent of total revenues.
Moreover, revenue from the placing and underwriting segment more than doubled to HK$203.7 million, accounting for 16.4 percent of total revenues.
As at September 30, the group operated 10 branches in Hong Kong.